Golden Rim Resources Ltd. provided an update on the progress of work at the Company's 70% owned Paguanta zinc-silver-lead project in Chile. Detailed geological mapping of the Patricia Prospect, which hosts the zinc-silver-lead mineralisation at Paguanta, commenced in early October 2016 and is almost complete. The mapping has demonstrated the strong continuity of the mineralised veins at Patricia and has successfully defined significant surface extensions to the mineralisation included in the current Mineral Resource in the following areas: a further 330m of strike to the Cathedral Vein to the ESE, whereupon the mineralisation extends further under younger volcanic cover rocks; the New Vein, intercepted in previous hole PTDD073 (11m at 5.2% zinc, 2.3% lead and 125 g/t silver from 250m) has been located on surface and mapped for a strike of ~250m to date and remains open to the west; the Carlos Vein has been mapped for a strike of ~700m (a further 200m to the west than the interpretation used in the current Mineral Resource); outcrops of stock work vein mineralisation have been located south of the New Vein, suggesting the potential for further parallel veins to the south of the current Mineral Resource that remain untested by drilling; and a new NNE trending vein set (New East Veins) was located ~300m east of the current Mineral Resource area. A channel rock chip sampling program on the newly mapped vein extensions is currently being conducted. Assay results are expected in late January 2017. The site preparation for Golden Rim's planned drilling program at Paguanta is complete. Earthworks for the drilling are finished and included repairs to ~20km of access roads and the construction of 12 new Environmental Impact Assessment (EIA) approved drilling platforms. The field camp is now 100% operational and awaiting issuance of the final permit. The EIA required three new permits, all relating to the camp, before drilling can commence. The PAS91 permit relating to the sewage plant and the PAS93 permit relating to waste disposal have been approved. The PAS96 permit is still being processed and relates to the re-classification of the land for camp use (by default all land in Chile is classified for agriculture use). The PAS96 permit is issued by the Minister of Agriculture and the application can only be submitted once the PAS91 permit is approved first. With the recent success of Golden Rim's Share Purchase Plan, the planned drilling at Patricia has now been expanded to include 7 HQ diamond drill holes for 2,900m and 16 reverse circulation (RC) holes drill holes for 3,500m. The diamond drilling will commence first and is expected to take 2.5 months to complete. The drilling start-up is currently scheduled for 5 January 2017. The diamond drill holes are designed to infill and to test for depth extensions of the current Mineral Resource area at Patricia. The diamond drilling includes three deep holes planned on 100m spaced sections in the centre of the current Mineral Resource area and theses proposed holes are depicted on. The RC drilling will commence in March 2017 and is expected to take 1.5 months to complete. The RC program is designed to test for strike extensions of the mineralisation to the ESE and to test for new veins to the south. The Company will update the market with drilling results as they come to hand and anticipates the regular release of results. A validation exercise being conducted by Golden Rim on the existing drilling database and laboratory assay certificates has located assays that were not included in the database by the previous owner. Some of these missing assays related to highly mineralised samples where the original assay results reached the upper detection limit of the initial assay technique and as such the samples were sent back to the laboratory for re-assay. These include a highly significant intercept of 13m at 7.4% zinc, 2.6% lead and 133 g/t silver from 154m in hole PTDD096 on the Cathedral Vein that was not included in the current Mineral Resource.